Germany’s Deputy Minister of Economic Affairs and Department of Economic Development of São Paulo plans to expand partnerships

Uew Beckmeyer and Cláudio Valverde want to expand investments with the support from Investe SP

The good relations between German investors and the state of São Paulo will be intensified. This was made clear during a meeting held between Germany’s Deputy Minister of Economic Affairs and Energy, Uwe Beckmeyer, and the Deputy Secretary of Economic Development, Science, Technology and Innovation, Cláudio Valverde and the Director of Business Development and Institutional Relations at Investe São Paulo, Sérgio Costa, on Tuesday morning (5/26), at the seat of the department, in São Paulo.

The Deputy Minister was accompanied by the Consul-General of Germany in São Paulo, Exel Zeidler; the Consul for Cultural Affairs of Germany, Sebastian Fuchs and Andreas Facco Bonetti, responsible for the Mobility Division of Siemens. The meeting was also attended by Andrey Brito, coordinator of International Cooperation of the state government, Alexandre Marx, Project Manager and Marta Coelho, project analyst, both of Investe SP.

Germany is Brazil’s fourth largest trading partner, and German companies account for approximately 10% of Brazil’s industrial GDP. There are nearly 1,300 German companies in Brazil, with investments totaling 25 billion US dollars. In the state of São Paulo, there are about 900 German companies that directly and indirectly generate 250,000 jobs.

Secretary Cláudio Valverde has shown interest in expanding the trade relations between Germany and the state of São Paulo, requesting Investe SP efforts in this direction. The director Sérgio Costa emphasized that there is a huge room for the growth of new business, noting that, on July 15, 2016, Investe SP signed a cooperation agreement with Investe In Bavaria, its German counterpart in Bavaria. Also, there are agreements signed with FAPESP and the State Department of Education in force.